- Nov 2, 2020
Hi Tex,Why does every landlord want a year's rent upfront? Or 6 months and a deposit.
I dont even know anyone with that kind of cash lying around.
And these arent usually cheap places either 7jt++ a month for a studio or 1 bedroom.
Is it just the culture here or is it greed?
Of course it is not some kind of greed or greedy, as you said.
Especially here, we will avoid this type of word when we speak to other.
As per the security Deposit: I heard it is because in the past some "people" who rented the house or apt left without notice to the landlord and leave the water and electricity bill unpaid for several months.
Whilst for upfront one year or 6 months rent, it is because the landlord need to provide (or they have provided) some good furniture before you check-in and make some repair and improvement to the house/apartment, and these effort need a lot of money.
I hope these clarify your inquiry . Thanks